BTC Celebrates 500 million tonnes of Oil Export
The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline, operated by bp, has achieved a significant milestone by carrying 500 million tonnes of oil in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan.
Most Powerful Solar Power Plant in Georgia Installed at Lopota Spa Resort
The most powerful solar power plant in Georgia has been installed at Lopota, which will generate 500 kW of electricity and replace 20% of the electricity used by Lopota Spa with green energy.
Bakhtadze: Interest of American investments in the Region is declining
"Unfortunately, geopolitical turbulence is growing in the Black Sea region," said Mamuka Bakhtadze, the former Prime Minister of Georgia and now Chairman of the Board of the US-Georgia Economic Cooperation Fund.
Romanian Oil Company Invests EUR 30 MLN Anually to Explore Gas in Georgia and Bulgaria
Romanian integrated oil company OMV Petrom won an oil exploration license on the Black Sea shelf by the tender on March 10, 2021.
Tbilisi to have Smart Public Transport System Starting Next Year
Smart public transport, upgraded wagons, 200 new buses, reduced waiting times, bicycle lanes - these are the announced changes in the transport policy of the Tbilisi Mayor.
Government Plans to Invest 100 MIillion GEL in Basketball
It is planned to invest 100 million GEL to develop basketball in Georgia and support the National Basketball Federation.
EBRD Allocates 75 Million Euros for Rehabilitation of Metro Tbilisi
EBRD has already decided to finance the Tbilisi Metro Rehabilitation Project in early 2020. The volume of the project is 75 million euros, or 267 million GEL.
TBC Capital: Economic growth will exceed 10% this year
According to preliminary data from Geostat, real GDP growth in October, as expected, compared to the previous year was 6.9%.
Inflation in Georgia Reached 12.5% in November
In November 2021 the Consumer Price Index increased by 0.6% compared to the previous month, while the annual inflation rate amounted to 12.5%, - according to the preliminary data from the National Statistics Office of Georgia.